tv Making Money With Charles Payne FOX Business July 8, 2014 6:00pm-7:01pm EDT
me at gerri willis fbn. at my 2 cents more and that is it for two nights "the willis report". we will see you back here tomorrow. ♪ charles: tonight on making money, stocks hit an all-time high. it ratcheted up speculation about when the party will come to an end. not content with stock investors an article today said all assets are in a bubble, everything you own will pop. plus, talk about superstar lebron james could this be based on the income not winning or losing? we will dig into the crazy tactics and their impact on an economic and your prosperity. and acting around the world the yankees fan-- he suing espn. talk about money for nothing, is this the new poster boy further in time a
generation? we will have a lot of fun and we will make some money. ♪ ♪ charles: the last people to joe. welcome to making money right here right now. i'm going to help you make money by investing in the stock market and here to help us are our investment pros. looking fantastic as usual. q. thank you. it is hot outside. charles: you are always hot. what about the market? are you going to help us out? >> i'm happy. charles: he's loving the market. we are going to talk malls later on and i'm worried you are using your jersey-- losing your jersey edge. >> you are talking way big overpowering malls. i don't do that. charles: she upgraded since she started working in manhattan. what's going on, k? >> the guy falling asleep at
the game. i can't wait to get to that. charles: i think luger color and you look fantastic. it's not about day trading and it's really not count down to the crash. successfully build your wealth through portfolio over time and that is exactly what we are here to help you do. we go behind the headlines and look under the hood and find those nitty-gritty important things to help you make more money, so let's do it right now and dig into our first real real deal. it was another lackluster session for stocks although more summer doldrums and panic, but there has been a layer of anxiety beneath this rally from day one and the more it lingers the more that it will eventually morph into selling pressure. i have been saying that for some time we will have a pullback. at some point will happen and that the first thing we'll get hit is the highfliers. that makes it very difficult that these days big stock market rallies are up so much that at some point we
will pullback and that will happen so you have to consider if you have these ideas, i get your tweets an e-mail that i know you guys are itching to take profits that i will stop you because there is no space greater psychological blow than a big winner becoming a big loser. that was late last week and i was telling you if you want to take profit it was okay with him. listen, i understand these-- at the end of the day they are the key to investing in being able to deal with them, but today there was an article in the front page of the "new york times" that called all assets bubble and said stocks, real estate, emerging markets, bonds, arts and we know these days uttering the word bubble is like screening fire in a crowded theater at some point people will stampede, but everything is a bubble? >> now, i think we have to define what a bubble means. what a bubble means is when prices exceed the actual fundament of how you have a stock. i think we have-- speak to any asset, not just a stock.
exceeded by a million miles, right? it can't just be a little overvalued. >> right and we have to differentiate between the lien that is expensive-- that is the problem, every one is the queen's market that something in all these assets as something that is a bubble when it might just be expensive. we're not talking about a fundamental flaw in the value. charles: matt, since the word bubble entered the american public, almost every time something goes up in value they say we have a bubble. >> when the new york post has this word and says-- the times i'm sorry. you don't call-- i'm sorry, it's early. no one would knows with a bubble is until it bursts. there's a few people out there that always say bubble, but if you say now, we are in a bubble it's not going to happen. >> i think the first problem is reading the "new york times". second of all this is not 2000, this is not 2006, those of the us that have been in bubble there is no bubble issue.
it's just stuff that is driving the price up and i tell you what there is no bubble in my house. >> the times did say a lot of this is the interest rates being so low. does the bubble have to burst before the fed takes action or will be in action caused the bubble to burst? how do you know when the bubble burst? charles: maybe bubble is the wrong word because when we think of bubble we think of something that happens inches detailing sleep, but for the most part the air seats out of these bubbles over a certain. back of time. your house doesn't go from 300,000 to 100 30,000 overnight. once the snowball starts rolling down the hill becomes a proverbial boulder and then it's hard to stop it into your point i think it's anticipation of that policy that triggers it, but it's a lingering of the policy and the fed keeping rates so low for so long when on greenspan started to raise rate you raise them i try five basis points.
he waited a year to want to start and then took these tiny steps and that's when the bubble inflated. >> if yellen did the same way as for nike and of the gap right away when inflation picks up then you will see happen. >> it looked like there was no place-- charles: maybe a shoebox. the perfect time to blow the whistle and open a page from paying investment playbook. at what point does i don't know about you guys, i still care, but the bigger question is do we still care about being the biggest and the best? i can tell you in architecture the answer would seem to be no. in the mbi the rest of the world that we once had that is actually gone because there are skyscrapers and they are surging so much further into the sky than ours and i have to tell you i love the freedom tower. look at this thing. it's beautiful. it's the only building though that we have in the top 10 tallest list. but, it seems that the only american has an interest in being the best and having
the biggest is donald trump. they treated these photos yesterday. that is the stuff i'm talking about. it is not just tall buildings are in the classic like this. take a look at this video. i have to tell you something, this is the mall of the world being built in dubai. this thing is absolutely amazing. look at this. it's phenomenal. i get where there is crazy overbuilding in places like to buy and china and other places, but the idea that they want the tallest, that they want the best but that used to be the thing that kept us thriving. that kept america out of the pack and it seems to be gone to be. let's talk about this in our new next real deal and i'll take a history lesson back to 1893, the chicago world there. the skyscraper along with affairs will and consumerism, it sparked the moderate age of rapid growth
and that's what america got on the fast track to weaken the best in the world. have we lost that world their enthusiasm? if so can be a good thing, tracy? >> the thing with the world's affair is you have to pack up your family and go on vacation-- charles: i am talking about the chicago world there. >> and i like see the pig that won the ribbon. like i don't even know-- charles: i'm talking about the world's they are. >> people of different interest. i want to take my family on a vacation to italy and keep -- teach them how to cook and go to france. >> i am another jersey girl and i'm with tracy. maybe it's because on the young one here and i don't care about the big tall buildings. i would rather be in the place where we have companies like google and apple and disruptive technology. i think that is what innovation is about. charles: i love that too,
but i want america to be the biggest, the best, the fastest, the strongest. >> we are. the paradigm has shifted, though. the best constant kanye west branch and kids that are wearing hoodies. that is the different paradigm. i can like this big building paradigm used to be the us in the past. that doesn't mean we are not still the best. charles: i think it is a terrible find. i think it's a sign of weakness. >> i think it's quality over quantity. charles: i want a zillion of them. i went to double the size of the manhattan skyline and keep it going. >> you don't always have to be the biggest and the best. if every person that owns a restaurant wants to be mcdonald's? no. charles: you can be the best restaurant without being the biggest. i think there's something to what this country was sort of a beacon like people would come here and walk around and look all the time and now they are kind of like that's cute .
>> in rock center during christmas all they do is look up. it's the most annoying thing. charles: they are foreigners, though. the act sometimes i go out demand on the street time square and everyone is a foreigner and they're all looking up. charles: they are saying you guys should come to tokyo. i've a great stocks adjustment later on. i think the come is the one you probably what so you can sleep better. you know the brand already and you probably are using one right now. so, stay with us if you want to make some money. ♪ ♪
can kebus ta this b you wt. e mberidmovi thinsolea on't idotnk wl t allecae s n'moveucfr laston thtsetfitoy wis those numberix o of 10 aswith issue withthy small busi owners th id taxes and regular to number one issues. >> he always present janet yellen's dashboard and i can like that and fb should be what it big factors. these small bidders-- business owners matter a lot. number one carried on the pike in november is obamacare. it will hit those small businesses and i think a lot of them are concerned a. charles: that is the small business side of it. tracy, yesterday in your marching orders and your hot seat you talk about the credit card debt. haped ican came out i fromriorth
we have this huge spike in it look like people are using credit card, so you have small businesses who have froze up and people who are working that are not quitting their jobs as fast as they thought they would and now people are pulling back. what is spooking everyone at the same time? >> you also have non- revolving off to the races, which is your auto loans and things because interest rates are so low and everyone is taking advantage of cheap credit. i think household savings. there is in our unit to be made that no one was to put this back in the market again. there is no benefit to say, you get no interest rates. charles: there is no benefit to save her span what we do with it? >> i think that is where we are now. the fed wants us to spend, but people are scared still, i think. we are in this little goldilocks phase. >> i think small businesses are having problems raising capital and once-- charles: with rates this low? >> yes, i think it's hard for them to get a loan.
charles: then how will they ever be able to raise cash? >> it's a double edged sword. i think that the build of capital to get the loan and that's with small businesses are struggling with. charles: what about bank regulations? if the pendulum-- if they gave everybody money with that pristine credit-- >> the number seven improved dramatically for small business loans. that has improved, the problem is they are not spending the money. it's not a good time to expand right now is what they are saying and that is troubling. charles: have you ever thought there was a building 160 stories tall and had an observatory deck people saw something about-came down it would go out and spend money. >> i will not be the doom and gloom person and way good thing about this index is that more companies say they are willing to hire. >> right now, but the problem is look forward to six months. >> i think that is an okay indicator. charles: i have to blow the whistle.
let's open up a page from paid investment playbook. i know we talked a lot about the trust economy because it's one of the hottest things out there. they are raising money and changing everything, but will they change capitalism? i have to tell you, maybe the hype is a little bit of reality. all the names, cooper, air bnp, test rabbit and those are just a few, but reports out earlier that they will lower their prices for their company and they will take a hit in the process. he gave a lot of people pause. maybe this is not the economic cure all that the hype in those million-dollar suggest. it's not even a sure thing people trust each other enough to have the kind of penetration needed to change the paradigm in business. an example, how do we trust people who work in our homes and share our videos without our social network or swipe our credit card debt, not a lot.
only 30% trust and when we hand over that plastic we are watching the person pretty closely. maybe the trust in the economy will come to the rescue after all. maybe the whole thing is overblown hype. if so, it would be the person. there's an article in the atlantic which is a reprint and it's titled prosperity out of fantasy and it suggests new industries like television, air conditioners and the fiber airplane-- this is a little itty-bitty model airplane-- we were going to commute to work, but they felt to produce wages and heavy sale people thought they would, so they said maybe the trick is industrial fantasy. after a walt disney early success had many people think it is industrial fantasy thing could be the answer. think about snow white. an army of artists and animators and of course they showered his playhouses with a fortune and then there were the byproducts, the toys.
it was remarkable. snow white alone garnered 117 licensing deals. let's go to the new real real deal talk about this again again. the trust economy. the sharing economy, it's a mickey mouse in the wrong way or is it the savior that will create income for mainstream and bypass the existing power structures and change american capitalism, k? >> it is changing american capitalism. i don't think every single one of theseharing startups will be the next huber even though they all would like to think there, but this is completely changing the way we live our lives day-to-day and i do not think it will go anywhere anytime soon. >> i think she is right. i'm sicilian, so i trust no one. you need me to like die in the next people to come up and then you have everyone. >> yes. charles: you have to be born into it? >> yes. my kids will trust everyone and everything in hand out money like it's nothing.
>> i think they also have to be nimble enough to move with regulation. ebay was also a trust company and it was all most a free for all when it first started out and they got hit with relation now it's a bit more regulate, so i think that will happen with this. they had to be able to not only be minimal to move with it, but balance relation's been a regulation may change with the two. i think that back in the day onto maneuvers they used their land and in their rmon pawnshops and then there's the internet and now it's. people looked at that is crazy to when it started up. charles: what about like that donald rumsfeld thing, trust but verify? to tracy's point, you use the company in your bed mostly good experience it and you are using a lot of these things, so it's second nature, but it only takes one or two miscues and it would change. >> have had bad experiences.
charles: k, that is the way it is outside of new york city for everyone. the investment today is really a perfect example of a defensive investment when you start half a little volatility, but this would have major upside potential. low evaluation metrics and that is what attracts big investors, house of france, everyone was that. great marketshare around the world and i thank you will love it. we are just three minutes away from making you the money. ♪ ♪ [ male announcer ] hands were made for playing. legs, for crossing. feet...splashing. better things than the joint pain and swelling
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it and help you make money. i know the market has been spoken today, but as markets shift into a defensive mode i got the perfect place to be that's whirlpool. a very low evaluation metrics and i attracts big-time investors particularly when times get turbulent like they have been the last couple session. the peg ratio is 0.56, trading at half the time sales and two times book. all of the stuff, the big money managers love and we all love and know the brand. whirlpool, may tie, kitchenaid make-- and a whole lot of others that are hostile names overseas as well. speaking of which, is a global play. market share in north america is number one. number one in latin america. number three in india. number for the middle east and africa, mostly though a lot of room for potential growth in eastern europe. don't forget, in the us we are starting now to see normalized demand.
demand for this con of star pledge from 2005, to 2012 and now, we are getting this upside momentum and i could look continue to be driven by new construction come a existing home sales and finally replacement just like the cars so look for topline growth, but i think the real evaluation with this one comes from the ability to expand those margins. expanding margins mean higher stock prices and revenue will be great, increase cash flow will be great as well. they will start with washers and dryers already available on home depot.com. , supper this year my target is 150, but sometime next year if you will be $190 stock. what you think? >> it is definitely safe and consumer durables are expected to go up 5% over the next year. here's my problem, whirlpool fears is one of the biggest retailers. what was whether biggest vendors and what happens when sears starts to close down their stores? charles: i didn't think about that one. i was still stick with it
though. i think those old raggedy sears stores will hang in there. >> and the home depot thing they have going on . charles: i think people will find these products. he met their so well known and you can't go wrong with that. 2.2% dividend. the stock was up today and great diversification. if housing comes back-- charles: tracy? >> or paul washer and dryer in that puppy runs like three times a day, god bless it. you can find it anywhere. does appliance on the corner. charles: and some also follow the back of trucks. [laughter] charles: it's all fun and games until you have to pay the tax. for some i can be a lebron james that can be a deciding factor in what jersey he and up wearing. there's a big lesson in it for all of us. the name of the game is making money. ♪ though marco
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arle omyirst ertsthal s o spinrs panvestentyooksor you, and dan gilbert is working his way back to lebron james. after four years of bitterness, the owner of the cavaliers removed a letter that took swipes at his once star player. he talked about lebron's shocking act of disloyalty. a shamefulness betrayal, heartless and callous action. where lebron plays may come down to net dollars and cents. since the recession in december 2007, many they it hasn't recovered all the lost jobs
because of taxes and regulation is a huge barrier. potential winners of the lebron sweepstakes had mixed developments. arizona got back the jobs 6. kn ball, up 11%. california with high taxes. internet space 1%. illinois is down, florida at 5% even with no income tax and ohio down 2.5%. when net worth is north of 10 billion dollars, taxes don't matter. real life something people and businesses, we consider it all the times in making decisions, and that gives it to taxes and policy are misfortune. i got to tell you, we're seeing a groundswell of american companies foresake this country instead of others because of lower taxes. congress wants to stop
inversion. 62% of companies have used more inversion than in the 20 years prior to that. here's the thing, tracy, how likely is it that d.c. or any of the local governments understand supply-side economics. let people keep more of what they make and get the economy going. >> the tax code is a book of favors. until you get rid of it and start over, it's never going to go away, you make it worse and people lobby and ask for tax breaks to get re-elected. lebron james is a corporation. my son is going to kill me. he should do the right thing that is good for company and wallet at the end of the day. win, lose or draw it doesn't matter. to give money to the government just to make fans happy is crazy. >> and it's his career, too. while i'm with you, it is his money to spend, lose, but i hope he does take a team he does want to play for, tons and tons of money, regardless.
>> good managers and i think he's going to pick -- >> earlier in his career he hooked up with warren buffett and said he wants to be a billionaire someday. >> i am a huge lebron fan, and wherever he goes, i'm going to follow. charles: you remember his first stint in cleveland. i saw a picture of the house and the houses around him. imagine the little green monopoly houses and a big doll house next to it. it was so disproportionate. it felt weird, you drive up to the house, you have to feel so sheepish, and all the neighbors are living in bitty houses. >> maybe lebron is closer to the corporations than d.c. to make the move. lebron, especially if you are a congressman or congress person in that home state, you need that guy back. >> not only d.c. is going to change, when other states see
texas stealing jobs and doing well, puts pressure on states to change. >> we posted questions on facebook about lebron. he's got two rings, only a percentage of annual income comes from basketball because of commercials, endorsements, et cetera. he should consider state taxes, not one thing wrong with that. and tom says the less i hear about lebron, the better. >> the thing with athletes is they pay taxes in every state they play. it almost doesn't matter it. matters for all the other endo things like that. as far as the nba games he's paying everywhere. charles: if he went to the lakers, he would lose a couple million dollars a year. >> in a second. charles: that's nuts. kobe, you are a little gimpy and taxes are too high are. >> we vilifying lebron? charles: vilifying the taxes.
>> never get vilified for making tons of money. we got a couple more. shaw says he should consider the state taxes. look how much tiger saved having a primary residence in florida. charles: i'm glad you brought that up. phil thought about moving and people came down on him. >> he's the golden child of california. >> i'm not really a sports fan. i don't care that much. rebron should play for the nuggets and live in wyoming, no state income tax. charles: i've been to wyoming, a lot of space. >> you could have the big house, right? charles: he could have a real big house in wyoming. most beautiful state in the union. i get what you're saying. charles: i think he'll probably consider championships first, but if there are two teams that might win, it second criteria might be state. >> he has two but he wants six, he wants to be michael jordan. >> don't you think there is
millennials are taking it to a whole different level with smartphones being more important than a toothbrush and deodorant. upon further review, can millennials carry this nation further with bad breath and body odor, kate? kate? >> i'm sorry, what's up? i just got a text. charles: do we have to endure bad breath and body odor for the millennials to take charge. >> absolutely not. while i am hooked on my smartphone, and i'm calling you out, you are too, we need to have the fundamentals of communication in order to be the next leading generation, i never put anything before coffee. i can't believe millennials rank phone above coffee. >> it's a smartphone, not one of the dial-up phones. this is a phone that does everything, check the weather, check what you're wearing, check the sports statses, brazil just lost to germany. no wonder everyone is attached. i'm not going to throw the
millennials under the bus. >> thank you. >> i didn't wash my hair for two years, i didn't use deed on rant every day, and i turned out okay. charles: he was asking me about that, now i know. >> i can't imagine being without it, too. this is where we are. i track my kids, they know that. >> she tracks her kids. >> this is where we are in life. i don't think that the millennials don't know how to communicate because of it. >> they don't know how to communicate. charles: house party with millennials, boys and girls are together. now the girls stand up against the wall looking at phones and guys stand up against the wall looking at phones and they're all -- >> any bar. charles: switch gears a little bit here, by now i know all of you have seen this video, the fan who fell asleep during a yankees game and found himself not only caught on camera but called out by the game's
announcers. let's watch it again. >> how comfortable is that. probably won't have any neck problems tomorrow. >> is that guy to his left, his buddy, letting him sleep or is he here alone? >> maybe that's his buddy, and he likes him better when he's asleep. charles: that 26-year-old napper is suing, suing espn for 10 million dollars saying not only has he suffered substantial injury to his character and reputation, but the mental anguish, and lost future income, and loss of earnings capacity. all of this due to the comments and images that we saw on the sports network. upon further review, are hurt feelings now considered a suable offense, or people oversensitive. matt, good thing this wasn't around when you were going around without the deodorant, man. >> great seats at a yankees game, and he's falling asleep.
the best part of the game. it was a boring game. john kruk went after him. to have fun. charles: not to pick on kate, is this boy the poster boy for the entitlement generation, is this your poster boy? >> not my anything! listen, i'd be the one sleeping at a baseball game, too. i don't care about sports. he's the guy who gives my generation a bad name. 10 million dollars, you need to get a grip on reality. no way. >> we don't know if this is his idea or dirty lawyer who said we got ourselves a mean case here. >> dirty lawyer without spell check. all the legal documents had tons of misspellings in them. [ laughter ] >> we'll keep you abreast on that one. okay? time to address your questions on money make moves, curious about a stock and industry, always can ask me. kate looks at the questions and pix out the ask payne. >> came in from mark on facebook.
what's your thoughts on southwest, american airlines and zillow also? charles: here's the funny thing about airlines. people said don't invest in them, i think from 1979 until a few years ago, like 200 went out of business. but they've been allowed to consolidate. allowed to park planes on the side. allowed to charge for luggage. they've been hot. i wouldn't chase them, i don't like southwest, that used to be the name in the space. maybe american airlines, under 40. go with that. zillow, i'm licking my chops to buy on weakness. i love zillow, pounding the table for a long time. such a unique position, if you're moving, renting, buying a house, that's where people go. if you're holding the stock, ride out the volatility. if not you are buying on weakness. >> $39, got crushed this morning. >> you got in under $40 and closed above 40. in positive territory.
charles: what's the target? >> 48, 49, look for 20%. >> valuations very attractive to me. charles: yeah, i got to tell you, it's absolutely amazing, these airlines, who would have thought five years ago nobody would put money in the airlines stock. >> raising prices on everything, while consumers hate that, it's good for the stock. charles: we allowed them to have legalized collision. >> you got to go see grandma, you got to pay $6 for a screaming kid. charles: remember we did the thing on the movie theater yesterday. this is the opnight? not throwing millennials under the bus, i'm giving them props. they're going to be the ones that drive up the airline stocks as well as other travel stocks. charles: all right, by the way, if you have questions on anything, get on facebook, hit me up on facebook.com/charles payne fox or tweet during the show, cb payne and add the
hashtag ask payne. time for our shoutout, and i want to say -- >> wait! wait. here's the thing, this is funny today because i had to interrupt you about this. it seems varney gave you a shoutout. a very nice shoutout. charles: stuart varney. >> did he get a new tractor? did he get new sandals. he was in such a good mood, he didn't mention once they was on the show. listen to what varney said. >> charles payne is here, first of all, thank you very much indeed. all that hard work, getting the ratings to go up. great job, charles. >> thank you very much, indeed. charles: stu and i have a special relationship, he's a lot of fun, we butted heads but have a lot of respect for each other. >> he did mention the numbers were good. we left that part out. charles: he's always been appreciative of that. stuart created -- his show is a
juggernaut, i appreciate being on the show. you have been on stuart's show? >> he got me comfortable on tv. he's amazing. charles: i'm so glad we're not talking world cup anymore. owning a restaurant is not easy, takes a lot of gumption to make it work. we have a story of two guys and the dream, a bona fide bigtime success, they're making money and doing what a lot of people watching the show want to do. take a chance.
american success is a pair of guys who quit their job to chase their dream of opening a restaurant. meet eric and gary and they're from texas. eric was a ninth grade physical science teacher, and gary was a manager of a coffee house. both happy with jobs but living unfulfilled dream of owning their own restaurant. so they made it happen. they took the plunge. they quit their jobs in 1999 and opened a restaurant called the blue onion. of course, it was tough and they were scared. you see if they fell, they had nothing else to fall back on. this was all it was, do or die, but kept at it. they had a great product and awesome menu, they featured fresh local ingredients and made everything to order. they put in all the elbow grease, pulling in 12 hour days every night of the week. it paid off relatively quickly, and people kept cooking and coming in, asking for things,
repeat customer after repeat customer, they built up a loyal community of people who could not get enough of the blue onion. two years after taking a dive they opened another location in 2001. now blue onion has three locations and have their own line of beer, award winning, and eyeing a spot for fourth location. steve and gary, we salute you, there may not be such a thing as blue onion, but the secret to success is grit, determination and the belief in yourself. great pizza and beer, that doesn't hurt either. if you know someone who's an american success, post it on facebook.com/charles payne. we will salute them on "making money." the market got hammered a little bit today. people were worried. who do we go to? kate? you're in the hot seat!
. charles: all right, time for the hot seat, 15 seconds, they're going to tell you what's going to happen tomorrow morning. this is important, kate, you're up first. >> charles, tomorrow, intel, dell and samsung had a meeting of the minds today about the ioe, the internet of everything which varney says is a talking refrigerator. trying to create a communications framework, companies to watch, apple and google both down in after-hours trading. charles: a 7 trillion dollar industry. hitha, you're in the hot seat. >> talking about things that are bigger and better, but walmart is getting smaller and smaller with their floor sizes. instead of going for large supersized stores at 200,000 square feet. they're downsizing,
establishing convenience stores at 40,000 square feet. charles: the secret to success is making the aisles big enough for two big oversized couples to pass each other. i hope they don't mess that up. >> so glad you said that and not me. overnight numbers from china. consumer price index, producer price index, the numbers have been good, everyone knows i don't believe the numbers out of china. home prices have been declining, market will start trading on the numbers. charles: china has five of the world's tallest buildings. matt, you're in the hot seat. >> everybody is freaking out, down 1.1% from all-time high in the s&p 500. the first time we pulled back since may. we're overdue for a pullback. look for a 3% pullback in the s&p 500 over the next couple of days. charles: time for my marching orders, the market under pressure, they're feeling
strong like bulls, except bear, right? i got to tell you what's going on, a clumsy transition from a fed aided rally to based on improving economy in america. the jobs getting traction, we have earnings reports out today. we started it off today. alcoa after the bell beat on the top and bottom line, increased full year guidance. building may be 6%, auto may be 3%, that's good. aerovironment, one of my names beat on the top and bottom lines. both stocks were up nicely in the after-market, i say buckle up, listen to matt, be ready to buy the dips. no reason to force the issue but no need to panic. okay, we had to show you this because tracy mentioned stuart varney in the tractor. it's infamous, we were able to dig up this doozy from his vacation. check out stuart varney. >> so many things, this is like
one of the where's waldo photo. the sandals, the socks and sandals. charles: join us every night at 6:00 p.m., we appreciate it. catch me maybe tomorrow stuart will have me back. have a great one. lou dobbs. >> good evening, everyone, breaking news tonight. the israeli military confirming just moments ago that one of a barrage of rockets fired into jerusalem from gaza made it through the so-called iron dome defense, and struck a heavily populated area. the rocket hit a home in an israeli settlement in the suburbs of jerusalem. the government will not divulge whether anyone was hurt or injured, air-raid sirens are ringing in tef -- tel aviv jerusalem and haifa. as you can see on the screen, they were intercepted, they were killed while t